GOP Accuses Democrats Of Moving Closer To Edge Of Fiscal Cliff

WASHINGTON (November 29, 2012)-- Republican congressional leaders Thursday were accusing Democrats of moving the nation closer to the edge of the so-called fiscal cliff by refusing to outline possible spending cuts.

After a meeting with Treasury Secretary Tim Geithner Thursday, House Speaker John Boehner said that there was "no substantive progress" and no "specific plan for cutting spending" from the White House.

Senate GOP leader Mitch McConnell, after his own meeting with Geithner, said the administration offered no plans to protect Medicare or Social Security or significantly reduce the debt.

He said the administration "took a step backward," away from consensus, and moved "significantly closer to the cliff."

Democrats say it's up to Republicans to offer a roster of spending cuts.

"Republicans know where we stand." He says Democrats are "still waiting for a serious offer from Republicans,” Senate Majority Leader Harry Reid said.

Last night, President Barack Obama spoke by phone for about 15 minutes with Boehner.

The House speaker says his comments Thursday reflected that conversation, as well as his meeting with the Treasury chief.


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